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Analysis shows they are reliant on market investors such as hedge funds, which contributed $4tn last yearBusiness live – latest updatesEmerging economies are at greater risk of higher interest rates and currency shocks as a result of the Iran war because of increased reliance on market investors such as hedge funds, the International Monetary Fund has warned.The IMF’s analysis shows that a cumulative $4tn flowed into emerging markets last year from outside the formal banking sector – including from hedge funds and investment funds. Continue reading...

While Pete Hegseth has mocked the ‘big bad Royal Navy’ the First Sea Lord has sounded the alarm about its readinessMiddle East crisis – live updatesThe US defence secretary, Pete Hegseth, had his tongue firmly in his cheek when he singled out the “big bad Royal Navy” in a recent press update on the US-Israeli attacks on Iran.Hegseth’s sarcastic comment was only the latest in a long line of jibes against the capabilities and readiness of the British Royal Navy. Continue reading...

Airline has hedged much of fuel into 2027, avoiding soaring prices, but costs likely to hit passengers by end of summerBusiness live – latest updatesThe boss of easyJet has said the war in the Middle East has started to hit flight bookings, while the soaring price of oil would probably mean a rise in air fares by the end of the summer.The chief executive, Kenton Jarvis, said that while the airline had hedged much of its fuel into next year, avoiding soaring kerosene prices, it was “unavoidable” that some of the costs would be passed on in fares. Continue reading...

Bahrain circuit only 20 miles from targeted US baseRaces unlikely to be replaced because of logisticsFormula One has cancelled the Bahrain and Saudi Arabia grands prix because of the war in the Middle East.The races were due to take place on 12 April in Bahrain and 19 April in Saudi Arabia but the sport was approaching the point at which a decision on cancellation needed to be made to prevent more freight being sent to Bahrain. Continue reading...

Motaz Malhees is an actor in The Voice of Hind Rajab, a film about a Palestinian girl killed by the IDF in Gaza in 2024Palestinian actor Motaz Malhees said a travel ban imposed by Donald Trump is preventing him from attending Sunday’s Academy Awards, whose nominees include a movie in which he has a starring role.The Voice of Hind Rajab, a film about a five-year-old Palestinian girl killed by Israeli forces in Gaza in 2024, has been nominated for best international feature film. Continue reading...

SETI has spent decades listening for a sharp, well-defined radio signal that could indicate it was sent by distant intelligent life. Now researchers believe that space weather could distort and blur such signals – meaning SETI has been scanning for the wrong thing